Consumer Unit Characteristics: Percent Renter by Region: Residence in the Midwest Census Region
CXU980260LB1103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
-6.25%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the percentage of consumer units that are renters in the Midwest Census region of the United States. Understanding regional renter rates is valuable for policymakers and analysts studying housing affordability and trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Consumer Unit Characteristics: Percent Renter by Region: Residence in the Midwest Census Region' metric tracks the proportion of consumer units (households) that are renting rather than owning their homes in the Midwest region. This provides insight into regional housing and living cost dynamics.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
Renter rates are a key indicator for housing and real estate markets, as well as for economic and social policies.
Key Facts
- The Midwest has the second-highest renter rate among U.S. regions.
- Renter rates tend to be higher in urban areas within the Midwest.
- Renter share has increased in the Midwest over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of consumer units (households) that are renters rather than homeowners in the Midwest Census region of the United States.
Q: Why is this trend relevant for users or analysts?
A: Understanding regional renter rates provides valuable insights into housing affordability, living costs, and economic conditions for the Midwest.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Renter rates are a key indicator for housing and real estate markets, as well as for economic and social policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag, so it may not reflect the most recent conditions.
Related Trends
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Housing Inventory Estimate: Vacant Housing Units Held Off the Market in the Midwest Census Region
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Expenditures: Processed Fruits by Region: Residence in the Midwest Census Region
CXUPROCFRUTLB1103M
Consumer Unit Characteristics: Percent Men Reference Persons by Region: Residence in the Midwest Census Region
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Net Change in Total Assets by Region: Residence in the Midwest Census Region
CXUCHGASSETLB1103M
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CXUPROCVEGLB1103M
Citation
U.S. Federal Reserve, Consumer Unit Characteristics: Percent Renter by Region: Residence in the Midwest Census Region (CXU980260LB1103M), retrieved from FRED.